Denison Mine Corp (DNN) – What Are Analysts Saying About This Stock?

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $5.38.

DNN has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Denison Mine in a report on Thursday, September 3rd. They issued a “buy” rating for the company. Zacks Research lowered shares of Denison Mine from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company.

Institutional Investors Weigh In On Denison Mine

Large investors have recently added to or reduced their stakes in the company. Shore Point Advisors LLC purchased a new stake in Denison Mine during the 3rd quarter worth approximately $26,000. SLT Holdings LLC acquired a new position in shares of Denison Mine in the 3rd quarter valued at about $26,000. Kelleher Financial Advisors purchased a new stake in Denison Mine in the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Denison Mine in the second quarter valued at about $28,000. Finally, Beaumont Financial Advisors LLC acquired a new position in Denison Mine in the third quarter worth approximately $28,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Price Performance

Shares of DNN opened at $2.17 on Monday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -9.86 and a beta of 1.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. Denison Mine has a fifty-two week low of $2.10 and a fifty-two week high of $4.43. The firm has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.16.

Denison Mine Company Profile

Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada’s Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison’s activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.

The company’s principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.